PLS

0.94%

$3.16 pilbara minerals limited

Hartleys said last week it was a buy with an initial target of...

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Pokerface

7,445 Posts.

2737

08/10/17

20:32

Post #: 27746955
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Originally posted by setfire2thehive ↑

I have to respectfully agree and I'm a holder of PLS and have been since 39c.
Whilst I have no doubt that the stock will trend upwards strongly towards year end and next year, I can't see this run being sustainable.

I'm actually expecting a re-trace to around 55-60c maybe mid/early nov. I'll take this moment to highlight that this doesn't mean I think the stock is worth that little. Most of the people buying currently are buying on the good upwards trend. As soon as there's a hint that this has topped, people will jump off. "WHY WHY!!" all the long termers on HC scream!. Well some people aren't looking to make 10 times their money over 2-5years. Some whom play the swings can turn over double that in the same period. Some opt to buy on the back off bullish runs and jump off for a 10-20% profit. They're not bad strategies, or wrong. Just different. There's a lot more people trading in this manner than the commentary on HC would lead you to believe.

That said, most of the people commenting and rejoicing in the current trend with sentiments of "buy" aren't actually buying at these highs. In-fact, I've stopped taking notice of sentiments full stop. You own the stock, you want it to go up, ergo sentiment is buy. (Are you actually buying, when was the last time you bought) honest questions with dishonest answers. Reality is most have already invested what they feel comfortable with. They're happy with it long term and will hold long term. That's great, just don't be too overzealous. We get it, stock is doing well. You think it will go up. Hence you're still holding... it's not a puzzle.

For me personally, I'm going to be jumping out of PLS in the next couple days and wait for the retrace.

I'll be the first person to admit I got it wrong, and will have no issue having to re-buy into PLS later at an even higher price should that situation arise. This isn't me downplaying the stock, because reality is, my comments here won't effect the SP a poofteenth. I'm just being open and honest about my strategy here and holding a realistic sentiment of the stock.

SF2TH

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Hartleys said last week it was a buy with an initial target of 81c. In any event, I suspect this is being hoovered by very large offshore Institutions. Ever since the Great Wall deal, the way this stock is viewed has changed.

The interview from Kohler reinforced and wonderfully summarised why PLS is in a very special situation. Just my view.

Those shorting would be rather brave.

PLS Price at posting: 78.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last $3.16		Change -0.030(0.94%)		Mkt cap ! $9.516B

Open	High	Low	Value	Volume
$3.17	$3.19	$3.06	$50.14M	15.97M

Buyers (Bids)

No.	Vol.	Price($)
2	49357	$3.10

Sellers (Offers)

Price($)	Vol.	No.
$3.17	74794	5

View Market Depth

No.	Vol.	Price($)
1	3000	3.100
1	2500	3.090
2	510	3.080
9	71282	3.060
7	39565	3.050

Price($)	Vol.	No.
3.170	72164	4
3.180	45100	3
3.190	120976	12
3.200	51735	16
3.210	31725	9

Last trade - 16.10pm 15/11/2024 (20 minute delay)

PLS (ASX) Chart

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